TaoWeave Unloaded 3,959 TAO Tokens to Fund Operations
TaoWeave, formerly known as Oblong, has sold 3,959.23 TAO tokens to fund operating expenses and manage liquidity.
The sales, which took place during the first half of 2026, raised $1.172 million and produced a net realized loss of $114,000.
TaoWeave's treasury is concentrated in TAO, holding 23,335.18 tokens worth about $4.709 million at June 30, representing 69.5% of its total assets.